Wealth Enhancement Advisory Services LLC Has $450,000 Stock Holdings in The Campbell’s Company (NASDAQ:CPB)

Wealth Enhancement Advisory Services LLC boosted its position in The Campbell’s Company (NASDAQ:CPB) by 25.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,752 shares of the company’s stock after buying an additional 2,156 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Campbell’s were worth $450,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Sherman Asset Management Inc. bought a new position in Campbell’s in the 4th quarter valued at $36,000. Principal Securities Inc. boosted its holdings in shares of Campbell’s by 45.5% in the 4th quarter. Principal Securities Inc. now owns 927 shares of the company’s stock worth $39,000 after buying an additional 290 shares during the last quarter. Kentucky Trust Co purchased a new position in shares of Campbell’s in the 4th quarter worth about $42,000. Quent Capital LLC grew its position in Campbell’s by 77.7% during the fourth quarter. Quent Capital LLC now owns 1,100 shares of the company’s stock valued at $46,000 after buying an additional 481 shares during the period. Finally, Stonebridge Financial Group LLC purchased a new stake in Campbell’s during the fourth quarter worth about $47,000. 52.35% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, EVP Charles A. Brawley III sold 2,498 shares of the business’s stock in a transaction dated Monday, March 31st. The stock was sold at an average price of $40.03, for a total value of $99,994.94. Following the completion of the sale, the executive vice president now directly owns 37,590 shares of the company’s stock, valued at $1,504,727.70. The trade was a 6.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 20.19% of the stock is currently owned by insiders.

Campbell’s Stock Down 0.2%

Shares of NASDAQ CPB opened at $33.32 on Friday. The business has a 50-day moving average of $35.67 and a two-hundred day moving average of $38.70. The company has a market capitalization of $9.93 billion, a price-to-earnings ratio of 18.21, a price-to-earnings-growth ratio of 2.71 and a beta of 0.11. The Campbell’s Company has a 1 year low of $32.83 and a 1 year high of $52.81. The company has a debt-to-equity ratio of 1.74, a current ratio of 0.91 and a quick ratio of 0.50.

Campbell’s (NASDAQ:CPB) last issued its quarterly earnings data on Monday, June 2nd. The company reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.08. The company had revenue of $2.48 billion during the quarter, compared to analysts’ expectations of $2.44 billion. Campbell’s had a return on equity of 23.79% and a net margin of 5.57%. The firm’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.75 earnings per share. On average, analysts forecast that The Campbell’s Company will post 3.15 earnings per share for the current fiscal year.

Campbell’s Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, August 4th. Shareholders of record on Thursday, July 3rd will be given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 4.68%. The ex-dividend date of this dividend is Thursday, July 3rd. Campbell’s’s dividend payout ratio (DPR) is presently 103.31%.

Wall Street Analysts Forecast Growth

CPB has been the subject of several analyst reports. Evercore ISI cut their price objective on shares of Campbell’s from $46.00 to $41.00 and set an “in-line” rating for the company in a report on Thursday, May 29th. Consumer Edge reiterated an “equal weight” rating on shares of Campbell’s in a research report on Monday, March 17th. DA Davidson decreased their price objective on Campbell’s from $39.00 to $34.00 and set a “neutral” rating on the stock in a research note on Monday. Piper Sandler dropped their price objective on Campbell’s from $45.00 to $42.00 and set an “overweight” rating on the stock in a report on Friday, May 23rd. Finally, BNP Paribas raised Campbell’s to a “strong sell” rating in a report on Wednesday, February 26th. Five research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Campbell’s presently has a consensus rating of “Hold” and a consensus price target of $40.11.

Campbell’s Profile

The Campbell’s Company, formerly known as Campbell Soup Company, together with its subsidiaries, manufactures and markets food and beverage products in the United States and internationally. The company operates through Meals & Beverages and Snacks segments. The Meals & Beverages segment engages in the retail and foodservice businesses in the United States and Canada.